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3 years ago

It's essential to know how to check your account balance in order to manage

Business

1 answer:

bazaltina [42]3 years ago

4 0

Answer:contact the FDIC/NCUA

Explanation:The FDIC/NCUA would not be able to provide any account information. FDIC is Federal Deposit Insurance Corporation and it’s an independent agency. NCUA is National Credit Union Administration is also a independent agency. FDIC are for banks and NCUA is for credit unions. They both regulate and insure deposits.

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The following data have been provided by Letze Corporation from its activity-based costing accounting system: Factory supervisio

Alex Ar [27]

Answer:

Letze Corporation

Overhead allocation to Batch Set-Up:

Factory supervision = 55% of $460,000 = $253,000

Indirect factory labor = 60% of $220,000 132,000

Total overhead assigned $385,000

Explanation:

a) Data and Calculations:

Factory supervision $ 460,000

Indirect factory labor $ 220,000

Distribution of Resource Consumption across Activity Cost Pools:

Activity Cost Pools

Batch Set-Up Expediting Other Total

Factory supervision 55% 35% 10% 100%

Indirect factory labor 60% 20% 20% 100%

b) Letze Corporation can use Activity-Based Costing as a system of cost accumulation and allocation based on activity cost pools so that overhead costs are assigned based on the level of activity which each cost pool generates. It tries to tie costs to the activities that generate them.

3 0

3 years ago

The variable overhead rate is $9.30 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $106,140 per m

Pani-rosa [81]

Answer:

Cash= 87,910 + 9.3*direct labor hour

Explanation:

Giving the following information:

The variable overhead rate is $9.30 per direct labor-hour. The company's budgeted fixed manufacturing overhead is $106,140 per month, which includes depreciation of $18,230.

Cash= (106,140 - 18,230) + 9.3*direct labor hour

Cash= 87,910 + 9.3*direct labor hour

8 0

3 years ago

Match the terms to their definitions.

Irina-Kira [14]

The question requires matching the terms to their definitions.

Hiring is the process of employing (someone) for wages.

Recruitment is the process of finding new people to join an organization.

Job Description informs applicants about the responsibilities and required qualification.

Recruitment Plan is the process of integrating a new employee into an organization, maps out the strategy for attracting skilled employees and obtaining applications from a diverse workforce.

Offer is a proposal put forward by an employer to a prospective employee.

References serve the purpose of gathering information about a prospective employee from previous employers.

Types of Recruitment: internal (employees within the company) and external (people outside the company).

Compensation the money the employee will receive as a salary or wages.

Interview a face to face meeting between an employer and a job applicant.

brainly.com/question/17850173

8 0

3 years ago

Askew Company uses a periodic inventory system. The June 30, 2021, year-end trial balance for Askew company contained the follow

Softa [21]

Answer:

$233,000

Explanation:

As we know that

Cost of goods sold = Beginning inventory + net purchase - ending inventory

where,

Beginning inventory = $32,000

Net purchase is

= Purchase - purchase discounts - purchase returns + freight in

= $240,000 - $6,000 - $10,000 + $17,000

= $241,000

And, the ending inventory is $40,000

So, the cost of goods sold is

= $32,000 + $241,000 - $40,000

= $233,000

We simply applied the above formula so that the cost of goods sold could come

7 0

3 years ago

On December 31, 2015, Sarasota Co. performed environmental consulting services for Hayden Co. Hayden was short of cash, and Sara

Liono4ka [1.6K]

The appropriate journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

<h3>Journal entries</h3>

(a) December 31, 2015

Debit Notes receivable $129,859.2

($160,000 x 0.81162)

Credit Service revenue $129,859.2

(PV of $160,000 due in 2 years at 11%)

(b) December 31, 2016

Debit Notes receivable $14,284.5

($129,859.2 x 11%)

Credit Interest revenue $14,284.5

Debit Discount on notes receivable $44,425

[$160,000 - ( $129,859.2- $14,284.5)]

Credit Interest revenue $44,425

Debit Cash $160,000

Credit Notes receivable $160,000

Inconclusion the journal entry to record the transaction of December 31, 2015, for Tran Co. is: Debit Notes receivable $129,859.2;Credit Service revenue $129,859.2.

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7 0

2 years ago